problems and he hoped that so for the secured overnight funding rate developed by the fed would would step in he was a gnostic on whether it was so for or a member of bor but they would be a suite of rates so banks would have a choice so for the fed rate is fills an important role it's secured merab or is unsecured and reflects the borrowing and lending of americans mid-size regional and community banks it is there a place richard where people can find out more about zero merab or is there a bear board dot com or some player f.x. com am fix. or a member of board dot net and our partners the c b o e two weeks from now will be releasing it over the tape. and it will be distributed through all of the
terminals that you find financial information so we're just about getting ready to get a little liquid oxygen. if anybody can do it you can do it you're the father of financial futures you've written numerous books i know good derivatives is one that i really love but what's your most recent book richard it's called from electronic trading to the blocked chain and this very week barred we put our three trade in posts trade on the block chain so we've implemented the block chain as part of our suite of products that provide electronic distribution capability so everything that's pretty trade post trade is now blocked change well it's that transparency which is the key thing in my view i mean when we did that live or investigation the the stuff we found a new vibe and i talked about it offline but it would. rock people's socks about
some of the verbiage that people use and about manipulating that rate it went on for years so i view mirror boars a godsend and i'm glad it's happening right here in the united states and in chicago and there's nobody i would expect to do this other than you richard sandor the father of all futures and the head of america thank you sir thank you very much bart ovies a pleasure. bucket truck the president's daughter in senior policy adviser to the president is called the administration's enforcement efforts related to separating more than twenty five hundred families a quote low point for me and says she felt very strongly in viet million opposed to the policy up until now the first daughters remain fairly silent on the issue and the other day i sat down with professor of economics america's at the university of massachusetts amherst richard wolfe and ask him how we got to this place in a nation of immigrants were so many americans bizarrely seem to hate immigrants here's what he had to say. when did it become you know
a country of immigrants how did it become popular to just trash immigrants give us some history on that and your views you know we've been a country as you say of immigrants we really are and we are proud of it and for good reason. once before in the one nine hundred twenty s. we had an episode a period of time when there was a massive push against immigrants and it came after an economic downturn a severe one right at the end of world war one and into the early twenty's and so i think what you're seeing is a replay of that event in other words when the economic situation deteriorates as it has for the mass of american working people over the last twenty or thirty years the wages have been flat the cost of a good life of the american dream have gotten up there's a temptation at that moment for people to do something very natural to become critical of an economic system that's not working for them. this makes the people
who for whom the system does work very nervous and at that point it becomes really useful to find a scapegoat to get the upset and the anger of people which is legitimate to be focused on something that they can be angry about that they can vent on but that has nothing to do with their real problems let me be as stark as i can if you threw out of the united states the ten million roughly undocumented immigrants that are asserted to be in our country or let's make it fifteen million it doesn't matter let's remember what that is that's one to three percent of our population you're not going to solve the problem of a country of three hundred twenty five million people by expelling ten or fifteen min it's nuts and it's cruel and it's nasty and we see where it goes with caged children and all the rest but fundamentally it is that escape mechanism it's a fantasy to think that abusing these poorest of the poor is going to change your
economic situation it hasn't done that by the way obama threw out three or four million he really did it it didn't solve the problem and mr trump doing it more viciously to a larger number not going to solve the problem either it's a scapegoat waiting for people to discover it doesn't solve the problems and we talk immigration it's not necessarily hispanics that are the ones that are really coming to the country right this is a little factoid that i like to give the audience is what i talk about this if you take the top three groups of people coming into the united states now most americans don't know this the two countries sending the most immigrants to america now and this two for last few years china and india hispanics are way down number three from mexico and central america and that's where racism and other issues begin to come in because you're not even really going after the immigrants are you you're go. going after non white poor people and that's even less of
a factor in our economic problems than the emigrants as a whole which is more evidence that it's all a scapegoat theatricals for politics it's not a real issue. which cause for the promotional cause but hang here because when we return does donald trump everything to reinvention a new american industrial revolution or is it more back to the future i sat down and asked steve walz for plus how do you like your speech prepared how about from a test to read cost by the author of best the farmhouse foodstuff being food sat down with me to discuss the lab piece you heard it right and the jobs report for july is it one hundred fifty thousand jobs were added unemployment fell to three point nine percent lead more on this on the next broadcast back in a flash. last
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not man that i got medical i mean you got me are you. with more make this manufacture come sentenced to the public wells. when the ruling class or some project over themselves. with the final merry go round to be the one percent told. to ignore middle of the room signals. the real news is. the world. welcome back when our last broadcast we were able to get to
a couple of hot headlines related to the. heat sorry about that we spoke about the devastating fires in california but other heat related news include some of the chronic impacts of climate change being felt in australia and germany the australian state of new south wales has been hard hit by the nation's drought going without substantial rain for nearly two years officials were announced an aid package worth about three hundred seventy million u.s. dollars but the aid will mostly go to expanding existing loan programs and subsidies for hay and water costs some farmers and ranchers say it's already too little too late to keep them from staying and from going out of business and many ranchers have already called their livestock herds due to a lack of water and feed and meanwhile the german farmers association note that drought will push this year's harvest of german wheat down to eighteen million tonnes that's the lowest yield level since two thousand and three and twenty percent lower than this than last year's crop the worsening drought impacts which
predicted limited supplies have pushed into benchmark trading prices on wheat to their highest level in three years. the global heat wave is straining electrical systems worldwide the electric grid in iraq is snapping under the pressure while summer highs in iraq have been easily topping forty four degrees celsius or one hundred ten degrees fahrenheit for days on end regular outages are striking the country's power grid making basic life much less commerce and culture nearly impossible according to many iraqis those who can afford the cost of turn to generators for electricity and sun entrepreneurs' are selling power from largely privately owned generators that can cover dozens of households. and hard to take a longer look in the midst of all the trade war talk but we do now this president trumps vision for the united states mean another industrial revolution or going back to the future as it were here to discuss is conservative t.v. and radio host steve malzberg steve thanks for joining us you know i just wonder
about this thing that he really seems. i want to go back to the day when we had steel and made autos and that's a grand vision but i wonder if it's like this over policy of his and he does you really think that that can take place what are your thoughts first of all a lot of people are accusing him of picking winners in the steel industry for instance at the expense of others. to get political but let me remind people that barack obama gave guaranteed loans in subsidies. solyndra i mean that the taxpayer got stuck for billions of dollars in picking winners under obama so it's not that unusual but i think would trump is doing i think it's less political and more his belief that that is within him he campaigned on seal he believes for instance that you can have a strong military without u.s. steel being as a strong factor in being healthy and of course he's a builder so steel was his life blood in his in his own industry so we as a soft spot in his heart for that i don't think that he's looking to handcuff us or
take us back i think he's just trying to save what seems to be fading from what he believes in many believe to be the foundation in a way of america and he doesn't want to see that slip away yeah and you know i would i actually worked in a steel mill for a year out of high school and you know they're great jobs or dirty job but great jobs are good jobs for average workers but you know i just wonder if if the tariff approaches work we look back to the jones act from the twenty's and you know u.s. shipping and we look at tariffs over the over the years even bush. w. bush had tariffs on steel didn't work out so well do you have a better hope this time i do because i think he believes and i think he said and the people around him have said that this is not a a permanent fix for anything this is a temporary solution until we get fairer trade until we get what we're looking
for i think he's you know he's willing to. put a tariff on this of to this country and then go to go shit with that country isn't like nafta so we want to sit down with can is it that with separate deals with them so i don't i don't think that anything he's doing is could be viewed as permanent and being put in place for the foreseeable future i think it's just a whole bargaining chips with him i wonder sort of a political question but before we go so you know he's pretty much built a coalition of conservative voters and then the business community but a lot of the business community the auto sector in particular and others are starting to say whoa whoa whoa whoa whoa is there a point at which steve this isn't going to be a politically popular thing to do or does that you know damn the torpedoes full speed ahead for the president well the president not too long ago said because the stock market has done so well in the tax cuts we're playing with the house with the house money right now when it comes to tariffs and trade so if we suffer
a little now well we gain so much already i don't i don't really like that i don't think too many business people as you just alluded to would would buy into that either but that's his mindset but yeah i think you're seeing it i think farmers who get it get some sconces subsidies for their suffering they don't like to take quote unquote welfare they want to have their business you know be fruitful in its own so he's going to run into some political headwinds no doubt about that but we'll keep an eye on it we'll call on you to help us out steve malzberg conservative t.v. and radio host thank you steve. now in the minute we modified organisms or lab beasts i first recall the stockyard i went to when i was younger and frankly a lost my appetite for be for a while well now your beef can be grown in a dish does that sound more appetizing to some of you if so stay tuned the german drug maker merck and a large european union meat processor are rapidly moving forward on beef cell culture technology products and here with the latest in his take on it is the
author of bet the farm how food stop food being. food bread top and fred welcome what's up with this it sounds so weird franken burger franken beef but what do we know well look i maybe it's not so weird if everybody understood how all their other food gets to them how they're carrots and peaches and oranges it's all done through a grafting technology so in other words what you're doing is you're taking really one master carrot and just replacing it again and again and again this same thing that's going on with meat now which is that we're taking one cell of a perfectly good part of a cow that's able to replicate itself and we're just putting it in nice happy environment and we're feeding it some sugar and some oxygen and it grows up to be a big boy a big burger now the first one. that first burger cost three hundred thirty thousand dollars so i don't know if there's a good retail it's not a happy at all no matter how you eat it now i'm going to be careful because i don't want to make myself sick you're thinking about it but when you say it replicates
itself the cell replicates itself so are we we're not talking about organ we're talking about things like scar tissue or something that would be able to skin or something is that sort of the idea that to rebuild itself into what amounts to a piece of beef well this is a very interesting question what part of the stake do you want to replicate itself well the scientists the three hundred thousand dollars one that they thought the best thing would be some muscle tissue why do they want muscle tissue so it will get you that chew you know the end because that you don't really want your beef to in a slurry yet to be like a putting you want you want that good mouth feel so that's the only reason let me ask you you know there's been a lot of documentaries about this and i put a lot of weight behind it and this is a somebody who as you know i worked at the agriculture department i think you know production agriculture and b.p. is a good thing but there's so much of it around the world that clearly the methane the the off gassing as it were from beef cattle is helping to increase temperatures
around the world and and so is this may be one a good idea for begins perhaps even though it's still beef i guess least vegetarians and then to fred is that a good thing you think maybe a remedy to some of the problems with global warming well absolutely and i think was very interesting as is the position of the foodies and the food activists here who are generally against this kind of intervention in food but what we're going to see across the board are two kinds of meat as this goes forward on the one hand we're going to see our kids in all grass fed beef higher price and on the other side we're going to see this other kind of meat which of course the great thing about it is the inputs are. so much less because it's not just the off gassing it's the amount the number of gallons of water that one pound of meat takes it's not at all the diesel inputs it's all the monocultural grains that go into that beef that
are depleting the environment and so on this this is it actually could be a a wonderful thing as we have increased mate if occasion of global diets we have an increased demand for meat and so this can be a way this can be a way to meet a fixation oh that's a new one i love new words meet if it cation me ask you one final question before we go where do you think this might catch on the most in the e.u. where the you know the to some extent are in the environmental things but again they don't like g m o's there asia us where if at all would you put your money i think at the largest producers are smart the largest producers of beef they're going to get on board and they're going to sell these burgers in the good ole united states of america probably make some marketing sense fred kaufman author of bet the farm thank you very much appreciate it fred thank you bye. that's it for this time thanks for watching you catch boom bust on you tube you tube dot com slash boom bust r t we'll see you again.
so what we've got to do is identify the threats that we have it's crazy for them to let it be an arms race. spearing dramatic development only mostly i'm going to resist i don't see how that strategy will be successful very critical time to sit down and talk. disinflation very little inflation for decades interest rates have gone down for thirty years markets have rallied for thirty years now the whole thing is reversing interest rates are going up so is inflation so we'll see how that plays out if wages rise faster than inflation. then trying to wonder
if wages don't rise as fast as this neo inflation then we had trouble. for in some so crude moves that more needs to be done to tackle the forced marriage of women and teenage girls of asian and middle eastern descent in the u.k. there is not some office coming from india that there are people waiting to come over for a visa to use me and take it they paedophiles right mr midriff parents have all thanks coming in you know the victims we don't want them and. most where is stomach hurts republicans aggressively campaign now to win seats in local and congressional midterm elections look at how both parties have been using the image of president to get their message across plus. woke up.
one palestinian killed another two hundred injured in the unrest over the israeli occupation of palestinian territory. party the weekends kevin i am with you this morning thanks for watching it's now just turned eleven in the morning here in moscow first thing today britain's home secretary is acknowledged that more needs to be done to tackle forced marriages in the u.k. britain's times newspaper revealed that women and teenage girls from asian and middle eastern backgrounds are being forced into marriage here in the testimonies of some of the victims. right he used family forced her to marry a cousin in pakistan her husband only married her for visa purposes eventually they ended up with two daughters and after some miscarriages her husband forced her to go through i.v. after retirement so that they could conceivably when she eventually fell pregnant
her husband said that if she was having a girl then she would be having an abortion the abuse continued and the male child was also subject to abuse after the wedding in afghanistan her husband beat and return back in the u.k. she was forced to work full time to support the visa application she fled when her family tried to get her to sign the visa forms but they must have forged her signature as her husband is now in the country now she's a refugee and her replaced is in the u.k. reportedly out of eighty eight up occasions for visas to be blocked only hard for upheld with turn decision still pending campaigners against forced marriage claim authorities are turning a blind eye to the issue because they don't want to be accused of racist or religious bias. churkin i spoke to one victim paedophiles rapists murderers terrorists who are coming in you know the victims we don't want them here in a troubling number of cases girls raised in the u.k.
are being taken abroad by their families and forced to marry their then told they can't return without their husbands sometimes they're even forced to get pregnant to make it easier for the father to then join the family back in britain i am a british citizen i was born in this country and i'm tired a stalker at seventeen and then i was held captive and i was tortured because i was seen as damaged i was then taken to india where i enjoyed an exorcism and then i was brought back to this country where i tried to commit suicide in a homeless shelter and then i was forced into marriage and after us all since march there was barrier after five months of share how i was then my family finally took me back and then they were organizing a second marriage for me and they said nobody. in england but have you now so we're going to have to bring someone from india on a piece where there is not some office coming over from india that there were people waiting to come over for a visa to use we have to take it but i actually ran away from home and i was threatening suicide sunny who was disowned by her family as
a result considers herself lucky she managed to escape when many others are still captive campaigners have called this the equivalent of modern day slavery and are calling on the authorities to do more to tackle the problem but what is the scale of this massive this massive individual charities report thousands of calls a year to their helplines the problem stretches far and wide affecting middle eastern asian afghan kurdish iranian and other communities living in the u.k. clotheslines became a criminal offense in preston in twenty four teen enabler and we've only had two criminal convictions and yet we see thousands of people report and that is disproportionate so why oakie will too afraid to prosecute too afraid to take a stand and ministers our whole efficiency and speak out against this part of that reason i fear has everything to do with the fear of offending me into the home
office classifies these as reluctant sponsor cases while describing itself as the world leader in tackling the horrendous crime of forced marriage there are a number of reasons why cases are referred to the forced marriage unit not all of which are the result of a reluctant sponsor getting in contact in some cases it will be decided following inquiries that no further action is necessary and a visa will be issued if an individual refuses to act as the sponsor for a visa application under the immigration rules that visa should not be issued. those campaigning to highlight the problem disagree accusing the authorities of knowingly allowing criminals into the country in these cases the victims themselves report that they didn't want this person to come to the country and yet still what the data tells it is under a freedom of information requests by the journalists was that these visas were still at out so we have these people living in britain now. as
a result of i will be forced into marriage the u.k. home secretary has now announced a launching an investigation into the handling of these cases but charities have been getting horrific stories of young women forced into abusive marriages for the sake of u.k. visas for years an associate your get out r.t. london. politicians across the u.s. a campaign for seats in local and congressional midterm elections to november they described as well most important in recent history because it could swing the republican majority that allows donald trump currently to deliver of his policies there's also the possibility that a democratic majority could make threats of impeachment much more realistic caleb maupin the reports next this morning on how trump has become the focus of this upcoming campaign now the midterm elections are months away and across the country it seems pretty clear that the elections will focus on one single issue donald trump that's not an exaggeration check out this campaign ad from florida everyone
knows my husband ran to santa is indorsed by president trump is also an amazing dad ron loves playing the kids build the wall he reads the stories then mr trump said you're right about that part make america great again now that just scientist has the blessing of the donald he's rising in the polls trump has actually managed to resurrect a number of republican primary campaigns and for the democrats trump is an easy punching bag and. bogeyman check out how this candidate is marketing his anti trump message i'm rich metal you know i'm running for governor to deliver progressive results and to stand up to donald trump here a few of the things i've done that already in your e i protected planned parenthood from the republicans in congress and what's the number one way and i. for the republicans. take that trump now the ad never really makes clear how offending the president is going to help the people
in maryland but that doesn't seem to matter the anti trump message is loud and clear and that's the name of the game in u.s. politics are you for trump or against him no other information is required that's not surprising when it comes to voters as they're divided along party lines like never before this is actually spruiking members of congress you cannot just run against donald trump. and it is the job of we democrats to put together a strong cohesive economic. group of proposals aimed at the middle class and those struggling to get better we're in a strange place it's almost it's becoming a cultish thing isn't it it's not a good place for any party to end up with a cult like situation as it relates to a president that happens to be purportedly of the same party the democrats are now taking the cult thing to a whole new level they're even invoking old uncle joe he has very deliberately set
up the press as the enemy of the people i. think that he first heard from joseph stalin this is very dangerous it undercuts democracy we decided to ask americans how much their vote will be influenced by one man's cult of personality types do you plan to vote in the upcoming midterm elections. why not. go there. you need to look at the candidate and you need to see what the candidate has to offer and what the whether the candidate can pull off what they're promising to do what they think of trump not just what they've been trying to do you plan to vote in the midterm election when you do want to try to win again i don't like i don't like leaving views so i'm not going to. mean that person you can say what i believe in and about this now i know that it seems like america has already decided what the key issue in the upcoming vote will be and it's not going
to be perceived the russian influence as some outlets would like you to believe it's going to be the donald but keep in mind he won't actually be anywhere on the ballot these are mid-term congressional elections but regardless the way american politics is developing it seems like the upcoming vote in november will be a referendum on one man he will mop and r.t. new york. one palestinians been killed and over two hundred injured in the latest unrest on the israeli border the health ministry in gaza claims that almost one hundred of the injured were wounded by israeli defense forces a campaign to protest the israeli occupation of palestinian territories been going on for over four months now. sent us this report. oh got done. oh. oh oh oh oh oh oh oh yeah i'm standing here one hundred meters.